Foxconn's January sales rise 16 percent year-on-year

TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, said its January revenues were up 16 percent compared to the previous year in a statement on Friday.

The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu/File Photo

It reported consolidated revenue of T$400.6 billion ($13.67 billion) in January, the company said in a filing to the Taiwan stock exchange.

Foxconn, formally known as Hon Hai Precision Industry Co Ltd (2317.TW) and a major Apple AAPLO.O supplier, had a solid start to the year after three consecutive months of year-on-year revenue growth in the fourth quarter.

In December, the company reported a 50.2 percent year-on-year rise in revenues for December, it said.